Ringgit opens higher as domestic optimism offsets US rate concerns
Publish date: Mon, 18 Nov 2024, 08:39 AM
KUALA LUMPUR: The ringgit extended its gains on Monday, buoyed by optimism over Malaysia's domestic outlook, which offset concerns about the direction of US interest rates.
At 8.03 am, the local currency rose to 4.4680/4780 against the US dollar, up from Friday's close of 4.4715/4780.
A dealer said Malaysia's removal from the US currency manipulation watch list reaffirmed the ringgit's market-driven status.
Bank Negara Malaysia governor Datuk Seri Abdul Rasheed Ghaffour highlighted this development during the third-quarter economic announcement, which reported a 5.3 per cent growth in gross domestic product.
- Bernama
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
Apps
Top Articles
1
Mercury Securities Research
2
3
4
THE INVESTMENT APPROACH OF CALVIN TAN
5
THE INVESTMENT APPROACH OF CALVIN TAN
6
Good Articles to Share
Nippon Steel's US Steel takeover plan has support in steelmaking areas, executive says
7
Good Articles to Share
This is going to be a 'battle on Capitol Hill,' economist warns
8
Good Articles to Share
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
